First Home Buyers in Victoria receive an additional payment known as the First Home Bonus when purchasing or constructing properties where the value does not exceed $600,000.
Under the bonus, eligible first home buyers receive additional funds to the value of $13,000 for sale contracts entered into until 30 June 2011 for newly constructed homes only (in metro areas). If you are buying a newly constructed property in a regional area, the First Home Bonus amount will be $19,500. To qualify, applicants must meet the same eligibility criteria as the first home buyers grant.
Additional First Home Buyer Benefits
You may also be entitled to exemptions or concessions on transfer stamp duty, to ensure that you take advantage of all of your entitlements, call us on 13 LOAN (+61 2 9249 3739 direct) or fill in the form on this page and we will contact you shortly.
How much is the Bonus?
| Contract date | First Home Bonus Amount | Conditions |
| From 1 July 2010 to 30 June 2011 | $13,000 | New homes only (metro areas) |
| $19,500 | New homes only (regional areas) |
First Home Bonus Property Eligibility
For the purposes of the bonus, a new home is:
- built under a home building contract;
- built by an owner builder;
- purchased off the plan, or
- sold for the first time as a residential premises.
State Revenue Office of Victoria
In Victoria, the first home buyers grant, the first home bonus and home buyer stamp duty concessions are fully funded and administered by the State Revenue Office Victoria. To contact the State Revenue Office VIC, call  13 21 61.
